VDL Technologies Sets Sights on Africa, Europe Expansion Amid Nigeria’s Economic Pressures
VDL Technologies has unveiled plans to expand its operations across Africa and Europe as it looks to scale beyond Nigeria’s…
Category: Local
Nigeria Gas Flaring Hits 203.9 Billion SCF in 2025 Despite High Utilisation – NUPRC
Nigeria continued to struggle with gas flaring in 2025, releasing over 203.9 billion standard cubic feet (SCF) of natural gas…
CBN Governor Olayemi Cardoso Engages British International Investment Delegates to Boost Nigeria’s Financial Sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a delegation…
Nigeria’s N58.4 Trillion Budget Passes Second Reading as Senate Tackles Electoral Act Reforms
The House of Representatives has passed President Bola Tinubu’s N58.4 trillion 2026 budget through its second reading, surprising many observers…
FCMB Records N177bn Profit in 2025, Driven by Strong Lending and Fee Income
FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025,…
FG’s N9tn Surge in Domestic Loans Crowds Out Private Sector Credit in 2025
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial institutions, data from the Central Bank…
BUA Foods Reports N508bn Profit After Tax in 2025, Marking 91% Growth
BUA Foods Plc has announced a remarkable N507.7 billion profit after tax for the year ended 31 December 2025, marking…
Nigeria Telecoms Regulator Removes 450 Illegal Boosters, Fines Operators N45 Million to Improve Service Quality
The Nigerian Communications Commission (NCC) has stepped up efforts to improve telecom service quality by dismantling over 450 illegal signal…
$21bn Capital Inflows Signal Nigeria’s Post-Oil Economic Turning Point
Nigeria may be entering a long-awaited phase of economic recovery, as fresh data points to a decisive shift away from…
Naira Strengthens Below N1,400/$ as Official FX Market Records Fresh Gains
Nigeria’s naira has broken below the N1,400-to-the-dollar threshold on the official foreign exchange market for the first time in more…
NGX Market Capitalisation Rises by N232bn on Improved Investor Sentiment
The Nigerian Exchange (NGX) closed trading on Thursday, January 29, 2026, on a positive note as renewed investor confidence lifted…
Nigeria Eyes $400 Billion Commodities Market Through UAE-LCFE Partnership
Nigeria is positioning itself as a key gateway to Africa’s $1 trillion commodities market, aiming to capture $400 billion in…
Reforms and Price Transparency Set to Transform Nigeria’s Markets in 2026 – NGX CEO
Nigeria’s capital markets are poised for a stronger, more transparent future in 2026, thanks to ongoing macroeconomic reforms and improved…
Multi-Trex Secures NGX Approval to Boost Public Shareholding
Multi-Trex Integrated Foods Plc has received a regulatory nod from the Nigerian Exchange (NGX) to take steps toward increasing its…
NNPC Petrol Price Increase: Lagos Rises to N835, Abuja to N839 Amid Market Forces
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices, with Lagos motorists now paying N835 per litre and…
Nigeria Loses Billions Daily to Illegal Mining, Experts Warn
Nigeria is losing billions of naira every day to illegal mining and the underexploitation of non-oil resources, the Nigerian Mining…
Nigeria’s Top Startups Dominate 2025 Funding, Capturing 83% of Capital Inflows
Nigeria’s startup ecosystem in 2025 saw a striking concentration of investment, with a handful of companies attracting the lion’s share…
NIPetE Symposium Highlights Innovation-Driven Future for Nigeria’s Energy Sector
Nigeria’s energy future is poised for transformation, as experts at the 2026 NIPetE Oil and Gas Symposium emphasized the need…
Nigeria’s 5G Reality Check: Half of 5G Device Users Still Lack Network Access
As Nigerians increasingly upgrade to 5G-enabled smartphones, a surprising digital paradox is emerging: around 50% of device owners cannot actually…
South-West States Unveil N8.7tn 2026 Budget Focused on Capital Projects and Economic Growth
The South-West states of Nigeria have proposed a combined budget of N8.7 trillion for 2026, with capital expenditure accounting for…
Nigerian Exchange Dips 549 Points, Clings to 165,000 Level Amid Mixed Market Sentiment
On Wednesday, January 28, 2026, the Nigerian Exchange (NGX) ended trading in negative territory, shedding 549.4 points to settle at…
PenCom Raises NSITF Retirees’ Pensions by 1,173% After 21-Year Freeze
The National Pension Commission (PenCom) has approved a historic 1,173% increase in pensions for retirees under the Nigeria Social Insurance…
Nigeria Crude Oil Exports Set to Fall 14% in March Amid Bonga and Forcados Cutbacks
Nigeria’s crude oil exports are expected to drop by about 14% in March 2026, falling to roughly 793,000 barrels per…
CBN Governor Cardoso Hosts British Investors to Boost Financial Sector Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a high-profile…
Nigeria Completes 60% of 90,000km Fibre Optic Rollout, Plans Two New Satellites
Nigeria has marked a major milestone in its digital infrastructure drive, completing 60 percent of its planned 90,000 kilometres of…
Tinubu Urged to Intervene as Nigeria Commodity Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene and prevent what…
NCC Reports Improved Telecom Network Quality in Q4 2025, Signals Stronger Service Delivery Nationwide
The Nigerian Communications Commission (NCC) says telecom network quality and service delivery improved across the country in the fourth quarter…
Nigeria Earns ₦55.5 Trillion from Crude Oil Sales in 2025 Despite Production Shortfalls
Nigeria generated an estimated ₦55.5 trillion in crude oil revenue in 2025, driven largely by global oil prices despite struggling…
Naira Strengthens to ₦1,400/$ as Weaker US Dollar Lifts Emerging Markets
Nigeria’s naira continued its upward momentum midweek, appreciating to around ₦1,400 per dollar at the official foreign exchange market, as…
Experts Urge Development of Homegrown AI to Secure Nigeria’s Future
Technology leaders and policymakers have renewed calls for Nigeria to prioritize the development of homegrown artificial intelligence (AI) solutions, highlighting…